Author: News Desk
In India’s business scenario, family-owned ventures have a great reputation. Here are a few such businesses. HCL Technologies: Reliance Industries: Mukesh Ambani now leads Dhirubhai Ambani-founded Reliance Industries. His three children – Isha, Akash, and Anant- also work alongside him. They are on the board of directors of Reliance. While Isha leads Reliance Jio and Reliance Foundation, Akash is the director and head of strategy at Reliance Jio. Wipro: Azim Premji established Wipro. Following his retirement in 2019, his son Rishad Premji became its chairperson. Tariq Premji, his other son, is the vice president of Azim Premji Endowment Fund. Piramal…
Adani’s Group plans to join the telecom spectrum race. First direct competition with Ambani. Other spectrum contenders are Jio, Airtel and Vodafone. Adani Group had obtained National Long Distance (NLD) and International Long Distance (ILD) licences. A total of 72,097.85 MHz of spectrum will be put for auction. It contains the 5G band needed for high-speed internet connectivity. The bidding will commence on July 26, 2022.
Make-in-India initiative has yielded positive results for the toy sector in the country The import of toys has declined 70% while 61% surge in exports seen in the last three years The import of toys to India has reduced from USD 371 million in the 2018-19 fiscal year to USD 110 million in the 2021-22 fiscal year This reported a decrease of 70.35% Anil Agrawal, Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the clarion call “Rebranding the Indian Toy Story”
Elon Musk terminated his $44 billion Twitter deal. He cited Twitter’s failure to act upon his request as the reason. Musk had sought information on fake accounts on Twitter. Musk’s lawyers said Twitter refused to respond to requests. It is fundamental to the company’s business performance, they said. Meanwhile, Twitter said it would go ahead with legal action. In order to enforce the merger agreement. Twitter’s chairman Bret Taylor announced on the platform.
Domestic smartphone brand Lava launches ‘Blaze’ The phone is priced at Rs 8,699 It comes with a glass back design and Android 12 It has a 13MP triple camera and 6.5-inch HD display Fingerprint sensor and face unlock feature The phone is powered by MediaTek Helio A22 Chipset It has 3GB RAM and 64GB internal storage Expandable up to 256 GB via microSD card Another feature is a 5000mAH battery with a 10W type-C fast charger Blaze will be available for online and offline sale on July 14
The Indian Railways will manufacture the Vande Bharat train wheels at its Bengaluru factory to ensure the timely execution of the project. In the Union Budget 2022-2023, Finance Minister Nirmala Sitharaman announced the development and manufacturing of 400 new Vande Bharat trains in three years. The current target is to introduce 75 trains by August 15, 2023. However, the ongoing war between Ukraine and Russia has delayed the arrival of the wheels from Ukraine, which is the largest hub of wheel manufacturing. India had placed a cumulative order for 36,000 wheels at a cost of USD 16 million. Although the…
The Taiwan-based company is also planning to set up an EV manufacturing plant in India. Modi said he welcomed the company’s plans for expanding its electronics manufacturing capacity in the country. Liu also met Akarsh Hebbar, Vedanta Group’s Global Managing Director of Display and Semiconductor Business. To discuss next steps for their proposed partnership to manufacture semiconductor chips in the country. Vedanta and Foxconn signed an MoU in February to form a joint venture company in India. Vedanta will hold 60 per cent of the equity in the JV while Foxconn will own 40 per cent.
Japan-based Yamaha Motor Co. to launch a made-in-India e-scooter It will be a joint effort between Yamaha India and Yamaha Japan The e-scooter will be made in India It will use components sourced from local vendors The scooter’s motor and the battery will be in sync with Indian climatic conditions The project will take a minimum of three years Yamaha may enter the Indian EV market with its NEO’S e-scooter range
Social media should be held accountable It is a global concern, Said IT minister Ashwini Vaishnaw. He was responding to Twitter legal suits. Twitter is said to be pursuing judicial review. It is to overturn govt orders seeking content withdrawal. Companies should abide by Indian laws, observed the minister. It is important to hold social media accountable, he said. The process will begin with self-regulation. And, will be followed by industry regulation and govt regulation.
Air New Zealand planning to equip eight Boeing 787 Dreamliner jets with bunk beds and couches by 2024. The airline claims it is the first carrier to put sleep pods on a plane. Ultra long-haul flights are generally deemed to be non-stop journeys of more than 16 hours. In September, Air New Zealand will begin non-stop flights between Auckland and New York, lasting more than 17 hours. They have been announced as part of a wider suite of changes to premium, business and regular economy classes.